EU set to block new loans to Russia through EIB, EBRD


  • World
  • Thursday, 17 Jul 2014

BRUSSELS (Reuters) - European Union leaders want to block loans for new projects in Russia by two multilateral lenders and to broaden sanctions to target companies that help destabilise Ukraine, according to a draft statement seen by Reuters.

The EU leaders, meeting in Brussels on Wednesday, will step up sanctions because pro-Russian rebels in eastern Ukraine have not met their demands to end violence.

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